First Northwest Bancorp (First Northwest Bancorp) Sloan Ratio %

: 3.12% (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

First Northwest Bancorp's Sloan Ratio for the quarter that ended in Dec. 2023 was 3.12%.

As of Dec. 2023, First Northwest Bancorp has a Sloan Ratio of 3.12%, indicating the company is in the safe zone and there is no funny business with accruals.

First Northwest Bancorp Sloan Ratio % Historical Data

The historical data trend for First Northwest Bancorp's Sloan Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Northwest Bancorp Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

Get a 7-Day Free Trial

1.14

18.92

7.14

11.62

3.12

First Northwest Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial															11.62	8.71	6.60	4.04	3.12

Competitive Comparison

For the Banks - Regional subindustry, First Northwest Bancorp's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Northwest Bancorp Sloan Ratio % Distribution

For the Banks industry and Financial Services sector, First Northwest Bancorp's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where First Northwest Bancorp's Sloan Ratio % falls into.

First Northwest Bancorp Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

First Northwest Bancorp's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(2.286	-	17.875
	-	-84.194)	/	2201.797
	=	3.12%

First Northwest Bancorp's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2023 )
	=	(2.286	-	17.875
	-	-84.194)	/	2201.797
	=	3.12%

First Northwest Bancorp's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 3.528 (Mar. 2023 ) + 1.776 (Jun. 2023 ) + 2.504 (Sep. 2023 ) + -5.522 (Dec. 2023 ) = $2.29 Mil.
First Northwest Bancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 6.79 (Mar. 2023 ) + 11.001 (Jun. 2023 ) + -2.499 (Sep. 2023 ) + 2.583 (Dec. 2023 ) = $17.88 Mil.
First Northwest Bancorp's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -35.313 (Mar. 2023 ) + -53.581 (Jun. 2023 ) + 5.596 (Sep. 2023 ) + -0.896 (Dec. 2023 ) = $-84.19 Mil.

First Northwest Bancorp (NAS:FNWB) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2023, First Northwest Bancorp has a Sloan Ratio of 3.12%, indicating the company is in the safe zone and there is no funny business with accruals.

First Northwest Bancorp Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of First Northwest Bancorp's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

First Northwest Bancorp (First Northwest Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Northwest Bancorp (NAS:FNWB) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 West 8th Street, Port Angeles, WA, USA, 98362

Website

https://www.ourfirstfed.com

First Northwest Bancorp is a bank holding company and a financial holding company and is engaged in banking activities through its wholly owned subsidiary, First Fed Bank, as well as certain non-banking financial activities. It includes deposit and lending transactions that are supplemented with other borrowing and investing activities. The bank's principal lending activities are focused on first lien one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans (including lot loans), commercial business loans and consumer loans. Geographically all the operations are functioned through the regions of Washington, US.

Executives

Christopher J Riffle	officer: Executive VP, COO, GC	105 W. 8TH STREET, PORT ANGELES WA 98362
Dana D. Behar	director	105 W. EIGHTH STREET, PORT ANGELES WA 98362
Matthew Deines	officer: President & CEO	C/O FIRST NORTHWEST BANCORP, 105 W. 8TH STREET, PORT ANGELES WA 98362
Tonina Norman J. Jr.	director	105 WEST 8TH STREET, PORT ANGELES WA 98362
Terry A Anderson	officer: EVP/CCO	105 W. 8TH STREET, PORT ANGELES WA 98362
Lynn Terwoerds	director	105 WEST 8TH ST, PORT ANGELES WA 98362
Geraldine L. Bullard	officer: EVP/CFO/Principal Acc't Off.	105 W. 8TH STREET, PORT ANGELES WA 98362
Cindy H. Finnie	director	105 WEST 8TH STREET, PORT ANGELES WA 98362
Christopher Wade Neros	officer: EVP, Chief Lending Officer	105 W 8TH STREET, PORT ANGELES WA 98362
Gabriel Steven Galanda	director	105 W. 8TH STREET, PORT ANGELES WA 98362
Sherilyn G Anderson	director	105 W. 8TH STREET, PORT ANGELES WA 98362
David T. Flodstrom	director	105 WEST 8TH STREET, PORT ANGELES WA 98362
Craig Alan Curtis	director	105 WEST 8TH STREET, PORT ANGELES WA 98362
Randy T. Riffle	officer: EVP/Chief Lending Officer	105 W. 8TH STREET, PORT ANGELES WA 98362
Derek J Brown	officer: EVP, Chief HR/Marketing Off.	105 W. 8TH STREET, PORT ANGELES WA 98362